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The company signs the New York Agreement, pushing for the contentious SegWit2x hard fork.
Coinbase plans to sell blockchain analysis to the US government. The community is not happy about it because what makes this data valuable is personally identifiable customer info. Forbes
Token selling by an early VC detected, confirming theories that Coinbase is being used as an exit mechanism for its VC investors buying various tokens in private presales and dumping on retail investors.
Smoking gun pointing towards @coinbase being an escape hatch for VCs and sophisticated investors to dump on unsophisticated Main Street. Unregulated securities!
— Andrew ₿entley 🇺🇸 (@Abentley77) June 23, 2020
Reacting to the community outrage regarding Coinbase allegedly selling customer data, Brian Armstrong defends the move in a tweetstorm, citing reasons like “everybody sells it already”, “we need to build relationships” and “we need to recoup costs”:
Have seen a few articles talking about Coinbase Analytics – figured I would share my thoughts on it, since I don't think it's particularly newsworthy – and lots of conjecture out there.
— Brian Armstrong (@brian_armstrong) July 12, 2020